Akshaya Priyadharshini S

CM4050

This project addressed the critical need for effective risk management in real estate construction, where complex and evolving risks frequently lead to cost overruns, delays, and stakeholder dissatisfaction. An adaptive risk monitoring framework was developed specifically for contractors, with a focus on both organizational and project-level risks, including material price volatility, labour inefficiencies, contractual disputes, and regulatory uncertainties. The study commenced with a comprehensive review of academic literature and real-world case studies to identify and analyse key risk factors impacting real estate projects. A conceptual framework was then formulated, integrating data analytics, risk matrices, and stakeholder insights to enable proactive risk identification, assessment, and mitigation throughout all project phases—bidding, execution, and handover. The research concentrated on mixed-use real estate developments—both residential and commercial—in Ahmedabad, Gujarat. Methodologies included structured risk mapping, feasibility assessments, and qualitative analysis through stakeholder interviews. The outcome resulted in a practical, contractor-oriented framework for adaptive risk monitoring, accompanied by a detailed risk map and strategic recommendations for improved risk governance. This project contributed to enhancing resilience, improving decision-making, and ensuring more efficient and timely delivery in real estate construction.